Elle and her husband were referred by a friend to Barry. They are seeking to refinance their current home loan for a better interest rate and to access equity to use for investment in property that she’s looking at. They discussed what their goals are; they basically want to buy a couple of investment properties to a value of $600,000.  

Elle is self-employed and her business has been growing well for a few years. Her husband is a service technician for a truck company which involves him doing call-outs and overtime.   

Barry looked for options to suit their goals and came back to Elle with a better interest rate for their current home loan. They were happy with the refinance and happy with the splits suggested.

However, the investment loan’s interest rate got Elle and her husband concerned because it was beyond their budget. Another challenge came in when their living expenses were quite high over the last few months.   

Barry was able to recommend them options regarding the interest rate to fit their budget and told them that they can refinance it if they want or just leave it ongoing. Barry asked Elle and her husband to review their living expenses so it won’t affect the loan approval.  

Elle and her husband thanked Barry for his help in getting finance around their budget, patiently answering their questions, and putting their interests first. Now their loan applications are settled.  

Looking for finance that fits your goals and around your budget is not easy. Sure, there are many products in the market, but an option that minimizes financial risk is also to be considered.  Book a call with us. 

Note: Client’s name intentionally changed for privacy reasons. Image is for illustration purposes only.